Congress extends relief program for small businesses impacted by COVID-19
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The legislation extends the June 30 deadline for applying for the program to Aug. 8. Lawmakers created the program in March and have modified it twice since, adding money on one occasion and more recently permitting more flexible use of the funding despite some grumbling among GOP conservatives. Approval by voice vote without debate came after Democrats pushed the legislation through the GOP-controlled Senate late Tuesday as spikes in coronavirus cases in many states led to renewed shutdowns of bars and other businesses.The legislation extends the June 30 deadline for applying for the program to Aug. 8.
Sponsors of the program, including Treasury Secretary Steven Mnuchin and Senate Small Business Committee Chairman Marco Rubio, R-Fla., want to re-purpose the money in a way that's more targeted for businesses suffering during the upswing in cases.
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